US EditionTrump nominates OMB official to lead CFPB amid attacks on watchdog agency
Levenbach's nomination suspends the Vacancies Act clock, allowing Russell Vought to remain acting CFPB director while efforts to limit bureau funding and operations continue.
- This month, President Donald Trump nominated Stuart Levenbach, an OMB associate director, to lead the CFPB, suspending the 2022 Vacancies Act clock.
- Amid legal and funding moves, the White House and Justice Department argue the Federal Reserve must be profitable to fund the CFPB, and the White House said it will not withdraw funds past Dec. 31.
- Inside the Office of Management and Budget, Stuart Levenbach, OMB associate director , works on natural resources and science issues, while an administration official said the nomination is procedural, not for confirmation.
- The White House’s refusal to withdraw funds from the Federal Reserve risks leaving the CFPB without operating money after Dec. 31, as judges who ruled on funding arguments previously rejected the profit-requirement claim.
- Created after the 2008 financial crisis under the Dodd-Frank Act, the Consumer Financial Protection Bureau faces dismantling risks as Russell Vought aims to curtail its consumer protections amid the Federal Reserve's cash-flow issues since roughly 2022.
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66 Articles
Trump Nominates 20-Year ATF Veteran to Be New Director - The Thinking Conservative News
President Trump has nominated a 20-year veteran of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Robert Cekada, to be its new director. The post Trump Nominates 20-Year ATF Veteran to Be New Director appeared first on The Thinking Conservative News.
Trump Nominates 20-Year ATF Veteran to Be New Director
President Donald Trump has nominated a 20-year veteran of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to be its new director. The ATF has been run by interim directors since former Director Steve Dettelbach resigned just before Trump began his second term in January. The nomination was referred to the Senate’s Judiciary Committee. Cekada has been an ATF deputy director since last April. Second Amendment advocacy groups praised …
Trump nominates new CFPB director, but White House says agency is still closing
NEW YORK (AP) — President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on its plan to shut down the consumer financial protection agency. Levenbach is currently an associate director inside the Office of Management and Budget, handling issues…
Trump Nominates Deputy Director to Top ATF Role
The Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) may soon have a new permanent director. On Tuesday, President Donald Trump nominated Robert Cekada to run the ATF. Cekada is currently the agency’s Deputy Director. Trump appointed him to that position back in April. If confirmed, Cekada will replace Acting Director Daniel Driscoll–who is also the Secretary of the Army. Source
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